Safeway!

Friday, December 4, 2009

On November 5th Safeway inc. was at $22.37, it raised to its peak at $23.50 on November 16th and on December went down to $22.10 (lowest of the month). Comparing NASDAQ and Safeway is a sad thing to do, Safeway was looking at a mirror image of NASDAQ, but on the negative scale. Whole Foods was also still above Safeway and just by a bit of luck Kroger foods was at the same rate and even a bit lower.

"Safeway earlier this year announced lower prices on basics like milk. Denver Division President Scott Grimmett says the new cuts are for the long term. Customers with Safeway Club Cards would get further discounts.Grimmett says the move should help drive traffic to stores."

Tuesday, December 1, 2009

The Safeway is the way to go!

Safeway is a food and drug retailer in North America. During the fiscal year ended January 3, 2009 the Company operated its business from 1,739 stores. The Company’s United States retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and the Mid-Atlantic region. The Company’s Canada-based retail operations are located in British Columbia, Alberta and Manitoba/Saskatchewan. In support of its retail operations, the Company has a network of distribution, manufacturing and food-processing facilities. Safeway owns and operates GroceryWorks.com Operating Company, LLC (GroceryWorks), an online grocery channel doing business under the names Safeway.com, Vons.com and Genuardis.com (collectively Safeway.com).